Apple recently announced a 7 for 1 stock split where the stock was trading at $650 with an unprecedented high near the $720 mark. At this point there was little room for movement in the share price, now with the price currently close to $95, Apple is attracting investors as a more affordable prospect. The partnership between Apple and IBM has firmly placed Apple in investors’ minds as the company begins to widen its customer base to IBM executive clients.
Investors Notes:
- Apple’s target share price for this quarter has had to be raised from $95 to $102 as the current share price reaches close to $95.
- It has been an exceptionally successful quarter for Apple, there has been a 20% rise in the share price with iPhone sales reaching $38 million.
- With the release of both the iPhone 6 and iWatch in the latter part of this year, innovation remains Apple’s trump card in maintaining its position as the market leader.
- From a technical perspective, moving averages indicate the upward trend in price action will continue, with momentum indicators suggest further upside potential in share price.
- Banc De Binary analysts predict that the earnings announcement will be positive for Apple stock, indicating a potential upward movement in APPLE shares.